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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA FIN LIFE INSURANCE CO Service code 15 · EIN 36-6071399 | Recordkeeping | $47,332 |
Service code 27 · EIN 46-2919997 | Advisory (Plan) | $15,402 |
NOVA 401(K) ASSOCIATES1 year Service code 15 · EIN 20-1181458 | Recordkeeping | $11,567 |
3(16) FIDUCIARY SERVICES CORP4+ years Service code 14 · EIN 45-4813650 | Plan Administrator | $6,999 |
Filed as: MERRILL LYNCH Service code 22 · EIN 13-2808480 | Insurance Broker | $4,749 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $41,839 | $43,999-4.9% | $79,467-47.3% | $55,725-24.9% |
| Participation rate | 57.6% | 66.9%-9.4pp | 73.3%-15.8pp | 70.9%-13.3pp |
| Annual return | -5.28% | 1.81%-7.1pp | 718.30%-723.6pp | 244.93%-250.2pp |
| Employer contribution / active EE | $850 | $1,830-53.6% | $2,800-69.7% | $2,078-59.1% |
| Participant deferral / active EE | $1,740 | $2,538-31.4% | $3,704-53.0% | $3,356-48.1% |
| Admin fee / account holder | $284 | $118+141.3% | $5,104-94.4% | $115+146.3% |